Consumer Price Index and Inflation

Consumer Price Index for Bottom 30% Income Households (2000=100) : Third Quarter 2012

Year-on-year inflation based on the consumer price index (CPI) for the bottom 30% income households at the national level went up 3.1 percent in the third quarter of 2012 from 2.4 percent in the second quarter. This was effected by higher quarterly average inflation posted in all the commodity groups except in the services index. The third quarter average inflation in 2011 was 5.2 percent.

The Consumer Price Index for Bottom 30% Income Households in the Philippines January 2010 - December 2010 (2000=100)

1. INTRODUCTION

          The Consumer Price Index (CPI) measures the changes in the price level of goods and services that most people buy for their day-to-day consumption. The change in the price level of these goods and services over a specific period of time, usually a year is the rate of inflation. Inflation is equivalent to a decline in the internal purchasing power of peso.

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